Signature International is poised to resume its uptrend as it attempted to move past the immediate resistance of MYR1.38 yesterday, after bouncing above the 21-day average line recently. If a breakout happens above that level, the bullish momentum should continue towards uncharted territory to print a new high of MYR1.50, followed by MYR1.60. Conversely, falling below the MYR1.24 support will cancel this expectation.

Source: RHB Securities Research - 10 Dec 2021